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> Our traders simply execute what our researchers models tell them to Can the traders be eliminated? Why pay them if all they do is carry out orders? (I am ask
by kirubakaran 18y ago
> Our traders simply execute what our researchers models tell them to
Can the traders be eliminated? Why pay them if all they do is carry out orders? (I am asking sincerely)
- nailer 18y agoIt's a fair question. Everyone is aware the traders, which are normally a big deal, are slaves to the research gents and their algorithms. My guess is largely, they can be. The actual trades could be automated (this would become increasingly necessary with rapid-fire [millisecond] trading, which we don't do now but could in future). The meatware oversight could be consolidated to a smaller group of individuals.